The Delegation Toolkit will allow for instant user onboarding without needing to interact with a traditional wallet, in addition to eliminating “user friction completely,” meaning no pop-ups or confirmations when switching between a decentralized application and wallet. Source
“Digital asset investment products saw inflows totaling US$441m, with recent price weakness prompted by Mt Gox and the German Government selling pressure likely being seen as a buying opportunity,” CoinShares said. “However, volumes in Exchange Traded Products (ETPs) remained relatively low at US$7.9 billion for the week, reflecting the typical seasonal pattern of lower volumes in the summer months.” Original
Macro factors and persistent “risk-on” in traditional markets suggest a promising outlook after BTC-specific supply overhangs run dry. Source
Bitcoin’s price drop last week, exacerbated by German government transfers, pushed hashprice to an all-time low of $44.31/PH/day, despite a 5% downward difficulty adjustment. Last week’s Bitcoin (BTC) price drop, worsened by German government liquidations, had pushed hashprice, a metric that represents the miner revenue on a per terahash basis, to an all-time low, triggering memories of the summer of 2021 when China’s Bitcoin mining ban caused similar disruptions in the crypto’s mining ecosystem. As per data from crypto mining analytics firm Hashrate Index, last week hashprice plunged down to…
“Offering the DigitalX Bitcoin ETF to the Australian market is a watershed moment for DigitalX, and for the Australian digital asset investment market overall,” Lisa Wade, CEO of DigitalX, said in a press release. “Enabling Australians to invest in Bitcoin in a secure and affordable manner, without having to manage digital wallets, will be a game changer.” Original
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PRESS RELEASE. Singapore – July 9, 2024—stUSDT has announced a partnership with leading security audit firm ChainSecurity, which conducted a comprehensive security audit of its smart contracts. The complete audit report and whitepaper are now available on stUSDT’s official website. This initiative demonstrates stUSDT’s commitment to safeguarding user assets and strengthens its position as a […] Source CryptoX Portal
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Recent developments surrounding the repayment of creditors and investors of the defunct Bitcoin (BTC) exchange, Mt. Gox, have sparked concerns about potential effects on Bitcoin’s price. As the market retraced over 20% from its three-month high above $70,000, the movement of 47,000 BTC to repay creditors has raised questions about the market’s stability. However, industry experts, including CryptoQuant CEO Ki Young Ju and Alex Thorn, head of research at Galaxy Digital, have offered insights into this development, suggesting that the impact on BTC’s price may be less significant than initially…
XRP price is slowly moving higher from the $0.400 support zone. The price is consolidating and might aim for a decent increase above $0.450. XRP price is attempting a recovery wave above the $0.420 zone. The price is now trading above $0.4250 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $0.420 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a decent increase if it clears the $0.4450 and $0.450 resistance levels.…